395 St. Charles St | $2,400,000 | MLS® 1006393
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Island Realm Real Estate
502a Pembroke St
Victoria, BC
Canada V8Z 4H7
MLS® 1006393

Details

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Years (35 year max)
Years



Address 395 St. Charles St
AreaVictoria
Sub AreaFairfield East
State/ProvinceBritish Columbia
CountryCanada
Price$2,400,000
Property TypeLots/Acreage
Bedrooms3
Bathrooms1
Floor Space1182 Square Feet
Lot Size9200.00 Square Feet
WaterfrontNo
Year Built1955
Taxes $6,201
Tax Year2024
MLS® #1006393

Development Opportunity: Approved 8-Unit Townhouse Project at Chancler & St. Charles, Victoria, BC. Seize a prime investment opportunity in Victoria’s South Fairfield Gonzales neighbourhood, just steps from the Salish Sea, with this 9,200 sq ft development site at the corner of Chandler and St. Charles. Fully zoned and development permit-approved, offering a streamlined path to profitability in one of Victoria’s most desirable markets, minutes from downtown Victoria. A boutique collection of eight modern townhouses, featuring contemporary architecture that will enhance the neighbourhood and stand the design test of time. Tailored to meet strong market demand for Missing Middle price points, the project includes four ground-floor, single-level one- and two-bedroom units, ranging from 650 to 850 sq ft, with private entrances and generous patios, ideal for downsizers, young professionals, and families. Above these are four two-story, three-bedroom units of approximately 1,700 to 2,200 sq ft, with dramatic ceiling heights in main living areas and private rooftop decks, designed to attract families seeking unique, premium living spaces. Situated in South Fairfield, close to Ross Bay and Ross Bay Shopping Centre, steps away from Thrifties, Hollywood Park’s tennis courts, and the beautiful sandy Gonzales Bay Beach. Whether by foot, bike, or transit, residents can commute with ease to Oak Bay Village, Cook Street Village, and Downtown Victoria. This quiet, residential enclave of Fairfield Gonzales provides everything needed for a well-connected, active lifestyle, The project includes four dedicated parking spaces and two Modo car-share memberships per home, enhancing marketability by blending convenience with sustainable living. With zoning and permits secured, this development eliminates upfront hurdles, allowing you to focus on execution and capitalize on Victoria’s robust demand for premium, Missing Middle residential properties.


Listed by COLDWELL BANKER OCEANSIDE REAL ESTATE


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